At Sensible Financial we spend a lot of time thinking about and advising on Social Security. A search on our website yields over a dozen articles. For most Americans, Social Security is their largest asset. (If it is not your largest asset it is still likely to be a very large asset). Choosing when you [Learn more…]
Financial Planning Basics
My parents involved me in the financial aid process. It paid off.
While researching financial aid and colleges with my parents, I learned about setting expectations, finances, and planning.
Should You Buy a Used Car? If so, How Old?
How much you spend on vehicles over your lifetime can be significant. The more you spend, the fewer financial resources you’ll have in your lifetime budget to spend on other needs and wants. In my previous article, I looked at the financial impacts of buying new versus leasing. In summary, leasing and re-leasing a new [Learn more…]
Protecting your legacy in case of an adult child’s divorce
Recently, a client came to us with a problem. He had amassed a healthy portfolio and planned to leave it to his two children. He was worried that his daughter’s impending divorce might leave her portion of the inheritance vulnerable to her soon-to-be ex-husband. How do you protect your assets — and your children — [Learn more…]
Should You Buy or Lease Your Car?
Your car is one of the most expensive items you own. Costs include the purchase of the car itself, finance costs, fuel, insurance, state fees, maintenance and repairs. According to the Bureau of Labor Statistics, vehicle-related expenses were the second highest after-tax expenditure (15%) for the average US household in 2017, between housing (33%) and [Learn more…]
How You Can Apply The Serenity Prayer To Your Financial Life
This article originally appeared on Forbes.com. God, grant me the serenity to accept the things I cannot change, Courage to change the things I can, And wisdom to know the difference. -Reinhold Niebuhr I often see families who could benefit from more serenity in their financial lives. To illustrate this concept, I created a hypothetical [Learn more…]
Raising Cash – A Deeper Look
Filling a one-time need for cash from your Sensible-managed portfolio takes a little time. While you may be able to withdraw cash immediately from your bank account, an investment account is different. Allow me to fully explain this step-by-step process. The process begins when you contact your advisor with your cash request. Perhaps there are [Learn more…]